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Benchmark Space Systems is expanding its headquarters to ramp up production on propulsion systems, the company announced Tuesday, along with a new
Benchmark Space Systems, a propulsion systems manufacturer, has raised a $33 million Series B round.
Benchmark Space Systems intends to offer satellite operators the type of driver assistance popular in automobiles.
Astra is carving out its spacecraft engine business as a wholly owned subsidiary, a corporate restructuring that will provide greater flexibility in hiring and financing, according to documents viewed by TechCrunch and a person familiar with the matter. The first, and less important (at least to me), is that the subsidiary will be regulated under different export rules, which means that Astra will be able to hire people from outside the U.S. much more easily than they could under a single launch + spacecraft engine entity.
Benchmark Space Systems, a Vermont-based developer of in-space propulsion products, has raised $33.2 million in new funding.